The NASDAQ has achieved a new all-time high, buoyed by strong performances from AI giants like Nvidia, AMD, and Dell. This surge has prompted analysts to predict a potential rise in Bitcoin's price toward $200,000, as the cryptocurrency often mirrors NASDAQ trends following consolidation phases.
Currently, Bitcoin is in a consolidation phase, with significant accumulation by whales, while retail investors remain cautious. Institutional interest is on the rise, evidenced by over $1 billion in inflows into spot Bitcoin ETFs this week. Additionally, some investors are exploring presale cryptocurrencies like Bitcoin Hyper ($HYPER), which promises faster and cheaper transactions through its Layer 2 solution.
NASDAQ Reaches New High, Bitcoin Eyes $200K Amid Institutional Interest
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